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CG Power & Industrial Solutions Ltd ( (IN:CGPOWER) ) has provided an update.
CG DE SUB, LLC, a wholly owned subsidiary of CG Power & Industrial Solutions Ltd, has entered into a strategic agreement with Flanders Electric Motors Service, LLC to expand its footprint in the USA railway sector. This collaboration aims to leverage Flanders’ local capabilities to offer competitive pricing and faster service delivery for railway traction motor replacements and refurbishments, tapping into the substantial US market dominated by Class I railroads. The partnership is expected to enhance CG’s market position by providing cutting-edge solutions backed by decades of expertise, aligning with both companies’ commitment to technical excellence and reliability.
More about CG Power & Industrial Solutions Ltd
CG Power & Industrial Solutions Ltd is a company operating in the industrial solutions sector, focusing on providing electrical equipment and technology solutions. The company has a significant presence in the railway sector, offering products and services aimed at enhancing operational efficiency and reliability.
Average Trading Volume: 170,661
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1049.2B INR
See more insights into CGPOWER stock on TipRanks’ Stock Analysis page.